Calix Inc (CALX)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 43,162 | 62,361 | 84,486 | 88,418 | 63,409 | 135,675 | 90,187 | 94,186 | 79,073 | 75,172 | 51,516 | 44,369 | 51,333 | 60,215 | 58,590 | 85,854 | 80,807 | 63,826 | 50,552 | 46,189 |
| Short-term investments | US$ in thousands | 253,929 | 225,223 | 176,733 | 151,064 | 156,937 | 114,417 | 173,941 | 162,864 | 162,642 | 159,534 | 173,369 | 168,756 | 153,002 | 128,492 | 117,259 | 64,174 | 52,982 | 39,986 | — | — |
| Total current liabilities | US$ in thousands | 131,143 | 129,906 | 133,140 | 146,079 | 187,642 | 139,156 | 162,447 | 160,711 | 165,422 | 180,506 | 131,244 | 141,578 | 128,136 | 117,001 | 117,549 | 109,382 | 101,040 | 92,654 | 117,247 | 128,351 |
| Cash ratio | 2.27 | 2.21 | 1.96 | 1.64 | 1.17 | 1.80 | 1.63 | 1.60 | 1.46 | 1.30 | 1.71 | 1.51 | 1.59 | 1.61 | 1.50 | 1.37 | 1.32 | 1.12 | 0.43 | 0.36 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($43,162K
+ $253,929K)
÷ $131,143K
= 2.27
The cash ratio of Calix Inc has shown fluctuating trends over the periods analyzed. The ratio improved gradually from 0.36 as of March 31, 2020, to reach its peak at 2.27 as of December 31, 2024. This indicates an improvement in the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The company's cash ratio stayed consistently below 1 in the earlier periods, suggesting that Calix Inc held more short-term liabilities than liquid assets. However, starting from September 30, 2020, the ratio exceeded 1, indicating an increase in the company's liquidity and its ability to meet short-term obligations solely based on its cash reserves.
Overall, the increasing trend in the cash ratio signifies that Calix Inc has strengthened its financial position over time, enhancing its ability to cover immediate financial obligations with its available cash holdings. However, it is essential to consider other liquidity and solvency ratios alongside the cash ratio to obtain a complete picture of the company's financial health.
Peer comparison
Dec 31, 2024